Saudi Arabia targets massive growth in hotel capacity ...United Arab Emirates

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Saudi Arabia targets massive growth in hotel capacity
Saudi Arabia is gearing up for a major expansion in its hospitality sector by developing 315,000 new hotel keys by 2030, according to a new report on the future of hospitality in the region by Knight Frank. This growth, according to the firm, will see Saudi Arabia’s hotel room inventory swell to become larger than Dubai’s current 140,000 keys. The development of the hospitality sector is said to be a cornerstone of the Kingdom’s economic diversification plans, and a vast variety of initiatives for attracting global brands – throughout the Kingdom – are already well under way. Faisal Durrani, Partner – Head of Middle East Research, Knight Frank, explained: “The volume of hotel room keys plann

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